Dr Kong Conducts a Study in Which He Finds That

question 140

Multiple Choice

Dr. Kong conducts a study in which he finds that smoking is related to an increased risk of high blood pressure. He publishes his results. Then Dr. Meco conducts the same study using different participants in another city. Dr. Meco's work is an example of _____.

• A) scientific controversy
• B) replication
• C) ethics
• D) data analyses

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Definitions:

Market System

An economic system where decisions regarding investment, production, and distribution are based on supply and demand, and prices of goods and services are determined in a free price system.

Government Regulation

Laws and rules set by the government to control the way businesses and industries operate, with the aim of protecting public interest.

Total Surplus

The sum of consumer surplus and producer surplus in a market, representing the total benefit to society from trading a good or service.

Producer Surplus

The difference between the amount a producer is willing to accept for a good or service versus what they actually receive.